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SEGRO updates on rental collections from its UK portfolio

SEGRO plc (LON:SGRO) has updated the market on the status of rental collections from its UK portfolio associated with the UK quarterly payment date of 24 June 2020 (relating to rent payable in advance for the third quarter of 2020).

·    As at 7 July 2020, we had received 93 per cent of the £37 million of rent which was due on the UK quarterly payment date after adjusting for re-profiled rent agreed with customers.

·   We continue to work proactively and constructively to support customers impacted by the Covid-19 pandemic on a case by case basis. As a result, £9 million of rent ordinarily due on the UK quarterly payment date has been re-profiled, mostly to be paid in the second half of 2020.

With regard to payments for the second quarter of 2020 across our UK and Continental European portfolio, as at 30 June 2020, 98 per cent of the £88 million rent due has been paid after adjusting for re-profiled rent agreed with customers (£13 million). 2 per cent of the rent due (approximately £1.5 million) remains to be paid.

First half results announcement

SEGRO will publish its results for the first half of 2020 on Wednesday 5 August 2020.

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